Gilman Hill Asset Management LLC Grows Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Gilman Hill Asset Management LLC grew its position in AGNC Investment Corp. (NASDAQ:AGNC) by 150.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the real estate investment trust’s stock after purchasing an additional 15,000 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in AGNC Investment were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of AGNC Investment during the fourth quarter valued at $717,000. Fisher Asset Management LLC purchased a new stake in shares of AGNC Investment during the fourth quarter valued at $123,000. Vanguard Group Inc. grew its holdings in shares of AGNC Investment by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after buying an additional 6,019,268 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of AGNC Investment by 339.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust’s stock valued at $1,323,000 after buying an additional 102,933 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in AGNC Investment by 43.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,021 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 6,369 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

AGNC has been the subject of a number of research reports. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Stock Down 0.6 %

AGNC stock opened at $10.31 on Monday. The stock has a market capitalization of $7.49 billion, a P/E ratio of 11.33 and a beta of 1.47. The firm has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $9.90. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 52 week low of $6.81 and a 52 week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The firm’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Equities analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s dividend payout ratio is currently 158.24%.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).